SBI - Chief Financial Officer - Contractual Role - CA/CFA

Recruitment of specialist cadre officer in SBI on contract basis

Advertisement No : CRPD/ SCO-CFO/ 2020-21/ 01

Online registration of application & payment of fees: From 09. 6. 2020 to 23. 6. 2020

State Bank of India invites Online application from Indian citizen for appointment to the post of  Chief Financial Officer

Candidates are requested to apply Online through the link given on Bank's website https://bank.sbi/careers or https://www.sbi.co.in/careers

Candidates are advised to check Bank's website https://bank.sbi/careers or https://www.sbi.co.in/careers regularly for details and updates (including the list of shortlisted/ selected candidates). The Call Letter (letter/ advice), where required, will be sent by e-mail only (no hard copy will be sent).

Post : Chief Financial Officer

Maximum Age (as on 01.04.2020) : 57 Years

Contract Period : 3 Years

Selection Process : Shortlisting & Interaction

Place of Posting : Mumbai/ anywhere in India

Educational Qualification :

Basic: Chartered Accountant

Preferred: FRM Certification and/ or CFA

Post Qualification Work Experience :

- Minimum 15 years post qualification work experience (as on 01.04.2020) in overseeing financial operations, preferably accounting and taxation matters, in banks/ large corporates/ PSUs/ FIs/ financial services organizations, of which 10 years should be in Banks/ FIs (of which five years should be at senior management level)

ROLE & RESPONSIBILITY :

a. Financial reporting (both Solo and Group), SEBI and RBI Compliance related to Financial Reporting :

- Oversee Statutory Audit function in the Bank and ensure timely completion of the Audit.

- Reporting to Audit Results as per SEBI requirement.

- Coordinating with National Financial Reporting Authority (NFRA) and RBI for auditor related issues.

- Support head of finance in discharging various requirements as per SEBI guidelines from Financial Reporting perspective.

- Keep Top Management updated about Profitability, NPA and other related projections.

- Deal with matters relating to finalization of provisions, reserves and dividend.

- Deal with all matters relating to Whole Bank Long Form Audit Report (WBLFAR) and related matters thereto.

b. Tax Compliance :

- Optimization of Tax Liability of the Bank.

- GST and TDS Compliance.

c. Accounting Systems :

- Developing and miniating accounting systems as per the Accounting Standards and RBI Guidelines.

- Development and Maintenance of Internal Control over Financial Reporting (ICOFR).

- Implementation of IFRS/IND AS in Bank.

d. Management Reporting :

- Maintaining close coordination with Financial Control Department for review of performance of the Circles and of the Whole Bank and other related functions.

e. International Banking Activities :

- Support International Banking Group in compliance with the accounting & tax requirements as per local regulators.

f. Business Continuity Plan:

- Develop and maintain a business continuity plan for situation which could bring finance functions to standstill such as COVID 19 pandemic

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